Panathinaikos turns down Nova offer for TV rights

Soccer club Panathinaikos has rejected a 5.7-million-euro offer by subscription-based broadcaster Nova to sell its TV rights for the next season of the Greek Super League.

In a statement on Thursday, the Athens club said that the offer was almost half that made to archrival Olympiakos (€11 million) and lower than that made to AEK, which is €6.5 million.

“The proposal was rejected as inadvisable,” Panathinaikos said in a statement.